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Origin of human resources Accounting

Recognising human being as an asset is an old one. From the observation of Indian History, it is evident that Emperor Akbar gave importance to the nine jewels. Freedom fighters in India like Shri Motilal Nehru, Mahatma Gandhi, Sardar Vallabh Bhai Patel, Pandit ,Jawahar Lal Nehru cannot be removed from the historical pages offreedom movement of India. Inspite of the uncountable sacrifices forgone by the above individuals, no one made efforts to allocate any monetary value to such individuals in the Balance Sheet of India.

 

The suitable work was started to determine the cost and value of human being by behavioural scientists from 1960 onwards. The experts in this field were Shultz (1960), William Pyle (1967), Flam Holtz (1972), Morese (1973), Kenneth Sinclare (1978) and Dr Roa (1983) etc who contributed appropriate methodology and correct methods for finding out the value of the employee to the organisation.